EVOQUE ENTERS JV WITH ARCHER DATACENTERS TO BUILD 61 ACRE DATA CENTRE CAMPUS
PRESS RELEASE: Evoque has entered a joint venture with Archer Datacenters to bring to market over 100MW of power capacity and over 500,000 square feet of data centre space to meet the growing data centre demands of the United States’ Central Southeast region. Evoque has earmarked $200mm to accelerate the expansion of the site, which includes a commitment to building a 100% renewable energy solution.
Located approximately 35 miles from Downtown Nashville in Gallatin, Tennessee, the area has become one of the fastest growing economies in the country. The original 28.5 acre campus is anchored by an 82,000 square foot data centre shell, with over 40MW of available power today from Gallatin Department of Electricity’s adjacent substation. The initial project anticipates a 4-phased development, scalable on the existing site as well as an adjacent 32.8 acre parcel. The long-term expandability of 100+MW is possible in concert with the continuously updated transmission capacity of GDE and Tennessee Valley Authority.
“The opportunity to expand into the Nashville market and to serve hyperscalers, cloud service providers, and large enterprises is exciting,” shares Evoque Chief Executive Officer Andy Stewart.
“Archer, and their Founder Jordan Milman had great vision that has since been validated by Meta’s new data centre, which is adjacent to our location. Evoque looks forward to maximising the potential of this opportunity and to deliver more best-in-breed digital infrastructure solutions to more enterprises.”
This venture with Evoque aligns Archer with a world-class operator. Given the existing data centre shell, the partnership can offer the fastest time to market of any scaled capacity option in the broader region. Evoque has the expertise and resources to deliver a green power solution to meet the growing demand for renewable energy in the data centre industry.
“With their commitment to operational excellence, sustainable energy capabilities, and forward-thinking leadership, we view Evoque as the ideal partner to help to realise our vision for the premier data centre campus in the greater Nashville region,” says Jordan Milman, Chairman and Chief Executive Officer at Archer Datacenters.
“We look forward to continuing to champion this location alongside Evoque to create an attractive solution for both hyperscale and enterprise customers looking to scale in one of the most dynamic markets in the country.”
Solomon Partners Securities, LLC served as exclusive financial advisor and placement agent to Archer Datacenters on the transaction, while Goodwin Procter LLP and Carter Shelton, PLC served as legal counsel. Seyfarth Shaw LLP and Mayer Brown LLP served as legal counsel for Evoque.
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